Procter & Gamble Offers 3% Yield at 18.5% Below All-Time High β€” Value or Value Trap?

Procter & Gamble Offers 3% Yield at 18.5% Below All-Time High β€” Value or Value Trap?

Procter & Gamble (PG) trades 18.5% below its all-time high while the dividend yield approaches 3%, near multi-year highs

Key points

  • P&G trades 18.5% below all-time high while dividend yield hits near multi-year highs at 3%
  • Private label competition and FX headwinds are compressing P&G’s earnings and valuation
  • Organic volume growth in North America is the key signal for whether the investment thesis holds

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